A double-digit decline in sales of the country’s largest car maker, Maruti Suzuki, pulled down the growth of the domestic passenger vehicle industry to sub-three per cent in June. The industry’s sales had grown six per cent in June last year. The May 2016 growth was identical.

June was a mixed bag and growth was limited to Hyundai, M&M (Mahindra and Mahindra), Tata Motors, Renault, Ford, and Nissan. The surprise element was Toyota, with its first double-digit growth in more than a year. All these companies have launched one or more new products in the past one year.

Maruti Suzuki, the country’s largest car maker, has seen its first double digit monthly sales decline in recent history as it lost production due to disruption in component supply and a maintenance shutdown. The company’s sales in the domestic market slipped 10.2% in June, while exports saw a deeper cut of 45%. The impact of decline in Maruti’s domestic sales will reflect in the overall industry’s performance during June as the Delhi-based company enjoys a 48% market share.

Country's largest car maker Maruti Suzuki India (MSIL) said, on Tuesday, it is ramping up production of premium hatchback Baleno to meet the current demand and reduce waiting period.

The company also said that its Japanese parent Suzuki Motor Corp is expected to start pilot production at the Gujarat plant in the January-March quarter next year.

Auto component maker Subros Ltd, which had to halt production at its Manesar plant after a fire broke out last month, on Saturday, said it has resumed full supplies to Maruti Suzuki India (MSI) from the company's other facilities in Noida, Pune and Chennai.

"Further, the company is working on fast-track basis to re-build the Manesar facilities so as to commence production in phased manner," it said.

The country’s largest car maker, Maruti Suzuki, has resumed production at both its plants from today after a maintenance closure from June 6 to 11, the company said today.

The firm had to advance maintenance by three weeks owing to a fire at Subros on May 29 after which supply of car AC units had stopped.

Maruti Suzuki is understood to have told its suppliers last month to ramp up the production of the components used by it as it expects volumes to increase substantially in the next five years and beyond.

Two months back, the company held a suppliers’ conference in Thailand where it unveiled a presentation of its future product plan and the road map to achieve 2 million vehicle sales by 2020, a supplier who attended the meet told FE.

Maruti Suzuki, the country's largest car maker maintained a double digit sales growth of 10% in the domestic market for May in spite of a production loss of approximately 7,500 units. Nearest rival Hyundai, the second biggest player, also reported a 10% growth.

The company had to stop production at both the plants due to a stoppage in supply of car AC units from Subros.

Maruti Suzuki has suspended production due to the fire at auto component supplier factory in Manesar.

A major fire engulfed auto component maker​ Subros on Sunday afternoon. The unit manufactures compressors for Maruti Suzuki.

Maruti Suzuki India is recalling 75,419 units of its premium hatchback Baleno to fix faulty airbag component and fuel filter.

It is also calling back 1,961 units if its compact sedan DZire with auto gear shift technology to replace fuel filter.

In a move to strengthen its research & development (R&D), the country's largest carmaker Maruti Suzuki India (MSIL) has said that 40% of its proposed capex of Rs 4,400 crore will be towards new product development. The company's Rs 2,000 crore R&D and testing facility at Rohtak will give further boost to the company, said a senior executive.

In a recent investors call, the company said some of the projects have got deferred to next year. So, the company has proposed a budget of Rs 4,400 crore and 40% of that will be deployed towards new product and development. Capex in 2015-16 was Rs 2400 crore.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.